Conventional investing wisdom states that the risk of holding stocks decreases as the length of the holding period increases. But is that true? The answer depends primarily upon how you define “risk.”
Investors who worked with a financial adviser from 2006 to 2009 outperformed those that didn’t by 4%, and that gap becomes more pronounced in times of economic uncertainty.
The Institute for the Fiduciary Standard has published a white paper that discusses the Six Core Fiduciary Duties identified by the Institute as embodying the major elements of fiduciary responsibility under the Advisers Act of 1940.